iShares MSCI New Zealand ETF Forecast
iShares MSCI New Zealand ETF price down 0.654% on Tuesday
(Updated on Apr 23, 2024)
The iShares MSCI New Zealand ETF price fell by -0.654% on the last day (Tuesday, 23rd Apr 2024) from $44.33 to $44.04. During the last trading day the ETF fluctuated 1.12% from a day low at $43.86 to a day high of $44.35. The price has fallen in 6 of the last 10 days and is down by -3.4% for this period. Volume has increased on the last day by 34 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 36 thousand shares were bought and sold for approximately $1.60 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.07% during the next 3 months and, with a 90% probability hold a price between $41.28 and $43.44 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ENZL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.159%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares MSCI New Zealand ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $44.19 and $45.19. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for iShares MSCI New Zealand ETF
iShares MSCI New Zealand finds support from accumulated volume at $44.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.490 between high and low, or 1.12%. For the last week the ETF has had daily average volatility of 0.747%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENZL) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect iShares MSCI New Zealand ETF to open at $44.08, and during the day (based on 14 day Average True Range), to move between $43.56 and $44.52, which gives a possible trading interval of +/-$0.479 (+/-1.09%) up or down from last closing price. If iShares MSCI New Zealand ETF takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.00 (0.09%) than the resistance at $44.75 (1.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iShares MSCI New Zealand ETF ETF A Buy?
iShares MSCI New Zealand holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.482 Sell Candidate Unchanged
Predicted Opening Price for iShares MSCI New Zealand ETF of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $44.08 ( 0.0984%) | $44.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENZL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.57 | 1.21 % | |
| R2 | 44.39 | 0.786 % | ||
| R1 | 44.27 | 0.523 % | ||
| Current price: | 44.04 | |||
| Support | S1 | 43.90 | -0.327 % | |
| S2 | 43.78 | -0.589 % | ||
| S3 | 43.59 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.77 | 3.93 % | |
| R2 | 45.15 | 2.52 % | ||
| R1 | 44.75 | 1.61 % | ||
| Current price | 44.04 | |||
| Support | S1 | 44.00 | -0.0908% | |
| S2 | 43.97 | -0.159% | ||
| S3 | 0 | . |
ENZL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.95 | 1.96% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.473 | 0.98% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.242 | 0.498% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.546 | 1.25% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.89 | 1.57% |
FAQ
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